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theglobe.com Says It Expects to Break Even in 2001

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theglobe.com

(TGLO)

said Tuesday it will lose $10 million to $11 million this year on revenue of $43 million to $45 million.

That compares with a loss of $39 million in 2000 on revenue of $29 million. The New York-based firm, which specializes in creating online communities of like-minded users, says it hopes to break even by year-end.

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When theglobe.com went public in 1998, its shares soared 606% on their first day of trading. On Friday, those shares closed at 28 cents. Shares have traded as low as 13 cents and as high as $9.63 in the last 52 weeks.